Enterprise Prods Partners L (EPD) Holder Goodwin Daniel L Has Cut Stake as Market Value Declined; Wexford Capital LP Has Boosted Its Jpmorgan Chase & Co (JPM) Position by $2.98 Million as Valuation Declined

February 15, 2018 - By Nellie Frank

Charles Davidson increased its stake in Jpmorgan Chase & Co (JPM) by 35.58% based on its latest 2017Q3 regulatory filing with the SEC. Wexford Capital Lp bought 31,409 shares as the company’s stock declined 6.04% while stock markets rallied. The hedge fund run by Charles Davidson held 119,691 shares of the major banks company at the end of 2017Q3, valued at $11.43 million, up from 88,282 at the end of the previous reported quarter. Wexford Capital Lp who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $393.96B market cap company. The stock increased 2.31% or $2.6 during the last trading session, reaching $115.03. About 15.19M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 15, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Goodwin Daniel L decreased its stake in Enterprise Prods Partners L (EPD) by 71.08% based on its latest 2017Q3 regulatory filing with the SEC. Goodwin Daniel L sold 32,200 shares as the company’s stock declined 6.06% while stock markets rallied. The institutional investor held 13,100 shares of the natural gas distribution company at the end of 2017Q3, valued at $342,000, down from 45,300 at the end of the previous reported quarter. Goodwin Daniel L who had been investing in Enterprise Prods Partners L for a number of months, seems to be less bullish one the $58.54B market cap company. The stock decreased 0.33% or $0.09 during the last trading session, reaching $27.09. About 3.84 million shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since February 15, 2017 and is downtrending. It has underperformed by 16.88% the S&P500.

Among 24 analysts covering Enterprise Products Partners LP (NYSE:EPD), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Enterprise Products Partners LP had 52 analyst reports since July 23, 2015 according to SRatingsIntel. As per Monday, September 19, the company rating was upgraded by Credit Suisse. Deutsche Bank maintained the shares of EPD in report on Monday, October 10 with “Buy” rating. Credit Suisse downgraded it to “Neutral” rating and $30 target in Thursday, March 17 report. Morgan Stanley upgraded Enterprise Products Partners L.P. (NYSE:EPD) on Wednesday, January 20 to “Overweight” rating. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Buy” rating by Deutsche Bank on Wednesday, November 18. The rating was initiated by Ladenburg Thalmann on Wednesday, November 16 with “Buy”. Wunderlich maintained the stock with “Buy” rating in Wednesday, August 31 report. Mizuho initiated the shares of EPD in report on Friday, September 30 with “Buy” rating. The firm has “Outperform” rating by Bernstein given on Wednesday, May 11. Citigroup maintained Enterprise Products Partners L.P. (NYSE:EPD) on Tuesday, April 19 with “Buy” rating.

Investors sentiment increased to 1 in Q3 2017. Its up 0.01, from 0.99 in 2017Q2. It improved, as 54 investors sold EPD shares while 262 reduced holdings. 73 funds opened positions while 242 raised stakes. 783.53 million shares or 0.44% more from 780.09 million shares in 2017Q2 were reported. Ameritas Invest Partners invested in 0% or 3,988 shares. Ancora Advisors Lc has invested 0.27% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Sequoia Finance Ltd Llc owns 37,434 shares. 58,741 were accumulated by Bb&T. Toronto Dominion Savings Bank stated it has 0.02% in Enterprise Products Partners L.P. (NYSE:EPD). Northwestern Mutual Wealth Management holds 0.02% or 85,121 shares in its portfolio. Whitnell And Company owns 18,255 shares or 0.21% of their US portfolio. Private Na holds 0.14% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 24,496 shares. Guyasuta Advisors Inc owns 9,300 shares or 0.03% of their US portfolio. Kayne Anderson Cap Advisors Limited Partnership holds 10.81% or 32.43M shares. 600,583 were reported by Lpl Ltd Company. 964,850 were reported by Victory Management. Sequent Asset Mngmt Llc holds 0.21% or 13,459 shares. Homrich And Berg owns 153,901 shares. Evanson Asset Llc holds 0.61% or 109,648 shares.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. JPMorgan Chase & Co had 110 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Neutral” on Friday, January 15. As per Thursday, April 14, the company rating was maintained by Nomura. The rating was maintained by Bank of America on Friday, October 13 with “Buy”. Keefe Bruyette & Woods maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Wednesday, October 14. Keefe Bruyette & Woods has “Outperform” rating and $74 target. As per Sunday, July 16, the company rating was maintained by Bank of America. The firm earned “Outperform” rating on Monday, August 17 by Bruyette & Woods”. Jefferies maintained the stock with “Buy” rating in Wednesday, February 24 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, June 6. The stock has “Hold” rating by BMO Capital Markets on Wednesday, August 23. Barclays Capital maintained it with “Overweight” rating and $105 target in Friday, October 13 report.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.28, from 1.19 in 2017Q2. It dropped, as 65 investors sold JPM shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported. Farmers Merchants invested 0.83% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Sather Fincl Group Inc Inc reported 9,973 shares. North Star Investment Corporation holds 3.44% or 284,585 shares in its portfolio. Howard Cap Mgmt reported 2.14% in JPMorgan Chase & Co. (NYSE:JPM). Moreover, Old Fincl Bank In has 1.44% invested in JPMorgan Chase & Co. (NYSE:JPM). Wharton Business Grp Limited Co accumulated 0.68% or 67,047 shares. Private Na owns 78,056 shares. Bremer Trust Association holds 1.55% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 58,480 shares. Wallace Capital Incorporated holds 0.04% or 2,411 shares in its portfolio. Tokio Marine Asset Mngmt Com Limited holds 0.77% or 53,809 shares in its portfolio. Windsor Capital Mngmt Llc owns 5,368 shares. State Of Wisconsin Investment Board reported 4.17 million shares. Philadelphia Communication holds 0.26% or 33,584 shares. Hgk Asset Mngmt Inc reported 12,795 shares stake. 369,422 were reported by Berkshire Asset Management Ltd Pa.

Since August 21, 2017, it had 1 buying transaction, and 10 selling transactions for $23.24 million activity. The insider Lake Marianne sold $1.03M. Scher Peter sold $1.91M worth of stock or 17,057 shares. $1.84M worth of stock was sold by BACON ASHLEY on Saturday, January 13. Another trade for 65,101 shares valued at $7.31M was sold by Erdoes Mary E.. Giles Nicole had sold 3,783 shares worth $425,399 on Saturday, January 13. On Tuesday, January 16 the insider CROWN JAMES S bought $825,327.

Wexford Capital Lp, which manages about $6.34 billion and $1.17 billion US Long portfolio, decreased its stake in Enterprise Prods Partners L (NYSE:EPD) by 1.70 million shares to 768,851 shares, valued at $20.04 million in 2017Q3, according to the filing. It also reduced its holding in Versum Matls Inc by 175,670 shares in the quarter, leaving it with 168,419 shares, and cut its stake in Ishares Tr (LQD).

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By1 Nellie Frank

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